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Beijing revives builder bonds as market cools

It is authorising debt sales for first time in 5 years in bid to avoid bankruptcies
Tuesday, July 29, 2014 - 06:00

[SHANGHAI] China's government is authorising developer debt sales for the first time in five years in a bid to avoid bankruptcies as the property market cools. Jiangsu Future Land Co, a builder of homes in eastern China, sold two billion yuan (S$401.3 million) of five-year AA rated bonds last

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